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Thursday, May 10, 2012 11:48:17 AM
HOW MANY TIMES DOES IT HAVE TO BE REPEATED? Everyone here has verified and touted that MDGC is DTC Chilled NOT to be confused with DTC Ineligible. Per the DTC the definition of DTC Chilled is as follows:
Trade activity suspended for
activities shown on GWIZ, usually
deposits, withdrawal-by-transfer
(WT), or certificates on demand
(COD). Issues are normally chilled
at DTC:
- Before maturity—6 weeks
for both corporate and
municipal issues
- When issues do not have an active transfer agent.
Link here: http://www.dtcc.com/downloads/products/learning/Deposits.pdf
THUS IF THE STOCK IS CHILLED THERE CANNOT BE ANY MORE DILUTION!!! THIS IS A NULL AND VOID POINT AND HAS BEEN DISCUSSED MANY TIMES. THE DTC IS NOT ACCEPTING ANY NEW SHARES OF MDGC BUT ANY EXISTING SHARES CURRENTLY OUT IN THE MARKET CAN BE TRADED.
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